The Memphis appeal. [volume] (Memphis, Tenn.) 1886-1890, 1887-06-24

Tenn. brewing Co.......... ...-... bid, 12i asked
gniSn Stock Yard Co.a bid, ..... asked asked
Memphis Grain q &. Com. bid. LIS ssked
NEW YORK, June 2s.-Money on call
loaned at to IS per cont, last loan at 6per
cent, closed at u ner cent. bid. Prime NOR
camille psper, 5a6 per cent, Sterling ex-
chan cha y &c S dnli at - w for sixty day bills.
Bonds Governnent bonds were dull and
steady. State bonds wers dull and steady.
,Stocss-Ihe transactions at the stock ex-
change today we're the largest for many
wee.s, but this increase in business was en-
tirely at the expense Of quotations. The I'M
easy feeling over the Western failure was
aggravated by morning, rumors to the
effe ct thst the American Exchange Bank of
Chicago was in trouble, and although the
story met with prompt denil some selling
was INDUCED in, and in the absencs of any
support whatever, London doing nothing
Ted he G a.e- 81 tom Ons s Gs
room traders made the most Of
their advantage and attacked the li,t at
eve-y vulner bic psint. Numerous stop or
Central and Richmond and West Point.
Other rum)rs of a damaging character were
set afioat, one stating that the vics presi-
dent and manager Of the Fidelity Bank had
been heavy speculator in the stock mar
ket and that his hold ngs were being real
lied upon. Money was manipulated up to ,
10 per cent and in the general confusion
the announcement Of the tayora Die feature |
met with no RECOGNITION. The market was |
kept in teyerish, and at times even pan
iSky, state throughout the day, and the re- |
covery az different periods lacked force and |
am united TO little. The opening was steldy |
and quiet and the market pres ented the same |
general features usual Of late, though New
England early developed marked we 4kness,
which soon eXeodad 10 the entire list Aitor
the end OF tho first hour the downward
nTas
New England, jersey Central, Richmend
and West Point and several others became
CONSPICUOUS for declines, while the amount
OF business done underwent heavy in.
after noon, but gains were confined to frac-
tons st. Paul led of on the decline which
and prices were further depressed
before O'Clock p. M. when he lowest hS-
ures OF the day were general ly reached. The
activity was Target reduced on the succeed
ing rally, but the decline was renewed in the
last hour, and although the close was on a
rec very f.om this decline the market was
weak, with many stocks at their lowest
prices. The active list, without exception,
is lower this evening, the heaviest losses bed
ing New England, 80; Richmond and West
&s; Omaha, IA; Canada Southern,
Y heeling and Lake Erie, Jersey 'entrsl and
Paul. Reading and Northern Pacific pre-
pei red, IA; Northwestern and Western
Union, u; Oregon sentimental, bake
shore, X ,nsas and Texas, and Lackawanna,
per cent.
Railroad bonds did not share the excite
nent in the share market, although they
we're weak in sympathy The speculat va
ssue became again active, however, aud
Atls ntic and Pacific incomes turn shed s 49,
OV. and Wet Shore f.urs sl37, 600 out of
otal ds Us business Of 81, 476, 900. Prices re-
a,ned heavy throughout and closing fig
Tres generally show small de clines.
Tho total sales OF stocks today were
SL ria RlaTag. inClndtn0 t,anana S0ntharn |
585: Delaware, Lackawanna and Western,
I $40; Delaware and Hudson, 400: Erie,
|, 300; Kassas and Texas, 1910; Lake shoe,
4 $50; Louisville and Nashville, 1900;
4issopri Pacific, 1915; Northwestern, 1000;
$40; PaeihI Mail, 1850; Reading, l02. 9S7;
t. Paul, 81 ,67ei st. Paul and Omaha, 5000;
Hexas PaMfio, $3.50; Union Pacific, 1855;
Erie. 3l70. Closing quotations: